# South African Rand in Doldrums after SARB Dampens Rate Hike Expectations

> The rand held near three-month lows after the South African Reserve Bank pushed back its expected timing of the first post-crisis rate hike to the fourth quarter. Investec and Goldman Sachs see lift-off delayed to 2022 at the earliest.

- Date: 2021-07-23 · published 2021-07-23T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/46357-south-african-rand-in-doldrums-after-sarb-dampens-rate-hike-expectations
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Delayed rate hikes keep the rand under pressure, which raises the local-currency cost of imported feed inputs for South African buyers.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/15716-south-african-rand-in-doldrums-after-sarb-dampens-rate-hike-expectations

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.